south korea

Terra creator Do Kwon faces prosecution in South Korea

Do Kwon, the creator of the stablecoin TerraUSD (UST) and its sister token Luna, is facing legal prosecution in South Korea over the collapse of the two coins that wiped out billions of dollars from i

South Korea’s new pro-crypto president gets pushback

One of the pledges Yoon Suk-yeol made to his voters was to implement a set of crypto-friendly policies in South Korea. Yoon, who won the presidency in March and came into office this month, said he wo

Investors cheer as Coupang cuts net loss 29% in Q1

Tripolygon, a 3D modeling software developer, lets metaverse creators make their own 3D assets

There are a number of ways to make money in the metaverse by participating in play-to-earn games, buying virtual real estate or creating 3D assets on metaverse platforms like Roblox, AltspaceVR and VR

Seadronix aims to reduce marine accidents at port and sea with AI

South Korean startup Seadronix wants to reduce the issue of marine accidents, 75% of which are caused by human error, according to a 2019 Allianz safety and shipping report. The company just secured a

South Korea’s OHouse lands $182M to add AR to home improvement app

During the worst days of the pandemic, when people were stuck at home and starving for some form of entertainment beyond streaming yet another TV series, many turned to DIY home improvement projects.

Paramount+ reaches nearly 40M subscribers, will expand to the UK, South Korea and India

Paramount Global, formerly ViacomCBS, reported an overall total of 62.4 million global subscribers across its suite of streaming services, with Paramount+ alone adding 6.8 million total subscribers in

South Korea’s RECON Labs raises $4.4M to help shoppers visualize products by creating 3D models in AR   

Augmented reality (AR) can help customers shopping online preview products before making a purchase, and is a growing area of investment for e-commerce businesses. According to a recent survey of 16,0

Chinese fuel cell maker eyeing SPAC deal for $1B US listing

The deal comes at a time when companies that took the SPAC route are facing increasing regulatory scrutiny in the U.S.

Glorang scores $10M Series A to expand its edtech marketplace across Asia 

Glorang, a Seoul-based edtech startup that offers after-school classes and extracurricular activities via online for students between the ages of 3 and 18, said Friday it has raised a $10 million Seri

Daily Crunch: US dangles reward up to $10M for info on 6 elite Russian military hackers

Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

CellMEAT, a South Korean lab-grown shrimp producer, bags $8.1M Series A funding  

As consumers’ interest in the environment and nutrition rises, food-tech companies join the race to invent meat alternatives. In 2021, alternative seafood companies received $175 million in investme

Ant Group buys Singapore’s 2C2P to further global payments ambitions

Quietly, Alibaba’s fintech affiliate Ant Group has been building a global cross-border payments network by partnering with or investing in third-party e-wallets, banks, remittance services and o

Samsung’s upcoming Q1 earnings top estimates on solid chip demand 

Samsung Electronics released Thursday its preliminary earnings for the first quarter of 2022.  The company said it forecasts to report consolidated revenue of $63.1 billion (77 trillion KRW) and an

Wholesum raises $50M Series A to roll up third-party sellers on e-commerce platforms

As the boom of the e-commerce aggregator trend continues in Asia, South Korea, the fifth-largest e-commerce market in the world, is rolling up. Wholesum, a Seoul-based e-commerce aggregator, is jumpin

Apple to now allow ‘reader’ apps to use external links, if approved

Apple today announced it will begin to allow a subset of applications sold on its App Store to link to an external website where users can create or manage their accounts with the app developer. The c

Google Play to pilot third-party billing option, starting with Spotify

Amid increasing global regulations over app stores and their commission structures, Google today announced the launch of a pilot program designed to explore what it calls “user billing choice.&#

Korean startup Dongnae secures $21M Series A to scale apartment rental service   

Dongnae, a South Korea-based startup that helps tenants find premium apartment rentals, has closed $16.4 million (20 billion KRW) in equity and $4.1 million (5 billion KRW) in debt. The Series A fundi

Google dials up focus on portability ahead of rule changes

Google has signalled it’s dialling up efforts around portability, announcing a plan yesterday to spend $3 million and “hundreds of hours” of its engineers’ time over the next f

Una Brands teams up with KlickBrands to enter South Korea’s e-commerce market 

Una Brands, a Singapore-based e-commerce aggregator, has partnered with South Korean peer KlickBrands to expand its footprint in South Korea.  The strategic partnership will help South Korean e-com
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